M-410 Special committee on foreign state-owned enterprises

That a special committee of the House be appointed and directed to conduct a review of state-owned corporate social responsibility when determining whether a foreign state-owned enterprise is an acceptable bidder or applicant for taking over a Canadian company or corporation, whether 100 percent or controlling a majority stake, and that for this committee, the Nexen takeover will be the case study that will be explored;

that the membership of the special committee consist of 12 members, which shall include seven members from the government party, four members from the Official Opposition and one member from the Liberal Party, provided that the Chair shall be from the government party; that the members to serve on the said committee be appointed by the Standing Committee on Procedure and House Affairs and the membership report of the special committee be presented to the House no later than 20 sitting days after the adoption of this motion;

that substitutions to the membership of the special committee be allowed, if required, in the manner provided by Standing Order 114(2);

that the special committee have all the powers of a Standing Committee as provided in the Standing Orders; and

that the special committee present its final report to the House of Commons within 10 months after the adoption of this motion with answers to the following questions,

(i) are such takeovers conducted on an equitable basis keeping in mind human rights, citizen rights, workers' rights, and environmental practices, (ii) is due diligence being done on foreign state-owned enterprises, both the corporation as well as their home country, who are looking to take over a Canadian owned company, (iii) what will the long term effects be for Canada and Canadians with regards to the industry in question, (iv) what are the options available to Parliament in the exercise of its legislative authority in accordance with the Constitution and decisions of the Supreme Court of Canada to affirm, amend, or replace existing legislation regarding foreign state-owned enterprises taking over Canadians companies or corporations.